⚠️ Exposing the Market Maker Scandal of Movement that Forced Binance to Intervene! 🔎 1/ Initial Prospects 2/ Secret Contract 3/ Sudden Change 4/ Selloff that Prompted Binance Intervention 5/ Unsuccessful Recovery Efforts 6/ Anonymous Individual with Authority twitter.com/gm_upside/status/1...

1/ A promising start In 2024, two 22-year-olds, Rushi Manche and Cooper Scanlon, dropped out of Vanderbilt University to found Movement Labs, a layer-2 blockchain project that aims to extend Ethereum using the Move programming language – which was Capital by

2/ Implicit Contracts & Risk Warnings On November 25, 2024, Rentech (founded by Galen Law-Kun in Singapore) signed a market-making contract with Web3Port, claiming to be a representative of Movement. ⛔ They allow Web3Port to Token Sale and Chia 50% of the profits if FDV exceeds

3/ The sudden change and the contract signed Despite the initial rejection, Rentech did not give up. They continued to negotiate, and to reassure the Movement Foundation, they declared themselves a subsidiary of Web3Port, and pledged to deposit $60 million as collateral.

(1 second advertisement😆) If the article is useful, I hope you guys support @gm_upside with a follow & retweet 😍 🛫 There is no shortage of good articles, just comment: "Help me analyze project ABC, trend XYZ,..." and Upside will post it right away ✍️

4/ The sell-off forced Binance to intervene On December 9, 2024, $MOVE officially listed on exchanges, including #Binance. But the next day, December 10, 2024, @Web3Port_Labs suddenly dumped 66 million MOVE Token , worth $38 million. The Token price immediately plummeted.

5/ Consequences & Unsuccessful remedial efforts The sell-off had dire consequences. By April 2025, $MOVE has dumped 80% from ATH, FDV is still at 2.2 billion USD! MOVE's on-chain operations are nearly paralyzed: volume on the Decentralized Exchange is only 1.44

6/ Internal Conflict & Anonymous People Have Real Power! The scandal exposed internal rifts within Movement Labs. Rushi Manche, a 22-year-old co-founder, sent the Rentech contract to the Foundation via Telegram on March 28, 2025, but was suspended in April 2025 and declared

7/ The ambiguous relationship with Rentech Rentech - the center of the scandal is a mysterious company. Galen Law-Kun, the founder of Rentech, claims that it is a branch of Autonomy - a financial services company in Singapore with the purpose of connecting crypto projects with

✍️ The Token scandal $MOVE is not only an indelible scar for Movement, but also a wake-up call for crypto investors about loopholes in governance and transparency. Yoann Turpin, co-founder of Wintermute, believes that the crypto industry often uses the term

You can read the article about manipulation below 👇 How Dogecoin is manipulated by sharks? x.com/gm_upside/status/1894776...

In the next article, I will Chia more about the topic of OTC trading funds. If you support me, please comment +1 for me @jackvi810 🥰 x.com/gm_upside/status/1917819... Hope you guys support @gm_upside with a like & retweet😍 Don't forget MewDrop $5,400 👇 x.com/gm_upside/status/1915663...